Archive for the ‘Lawsuits’ Category

When Is A Creditor In Violation Of A Bankruptcy Discharge Order?

The effect of the discharge is not to extinguish the debt, but rather to release the debtor from personal liability. Hall v. National Gypsum Co., 105 F.3d 225 (5th Cir. 1997).

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“Aged” Asset Transfers Can Still Lead To Bankruptcy Troubles

In a recent bankruptcy case involving debtors who were saddled with a $19.7 million dollar judgment after the shooting of a former employee, the bankruptcy court voided several asset transfers despite the fact that the transfers were made before the judgment against the debtors was made.
The debtors in the case knew that they were [...]

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Three Common Reasons For A Bankruptcy Discharge Challenge

While it doesn’t happen often, sometimes a bankruptcy trustee or creditor will challenge a debtor’s right to a bankruptcy discharge. The main key to avoiding a bankruptcy discharge challenge is avoiding the things that trigger challenges.  Below are three of the most common reasons why a debtor’s bankruptcy discharge is challenged:

The debtor fraudulently transferred or [...]

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Madoff’s Family and Friends Possibly Under Fire

Latest on Madoff: Trustee is possibly looking into Madoff’s’ close friends and family’s finances to pay more than 8000 victims of his Ponzi scheme

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